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CII LM1 London Market Insurance Essentials Vocabulary Game

Exam terms with clues and explanations by OpenExamPrep.

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20 Terms
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Topics in the CII LM1 London Market Insurance Essentials Vocabulary Game

2 terms

Basic terminology

4 terms

Fundamental principles

1 term

London Market classes

1 term

Insurance cycle

1 term

Reinsurance

2 terms

Market structure

4 terms

Legal environment

1 term

Systems and controls

1 term

Financial crime

2 terms

Intermediary role

1 term

Underwriting roles

Sources for these terms (12)

About the CII LM1 Exam

LM1 London Market Insurance Essentials is a Level 3 CII unit (10 credits) that introduces how the London insurance market works. It covers core insurance terminology (fair presentation, proximate cause, indemnity, contribution, subrogation), fundamental risk and insurance principles, main London Market classes (marine, non-marine, aviation), the insurance cycle, reinsurance basics, market structure (Lloyd's, company market, brokers, MGAs and associations), the UK regulatory and legal environment (FCA/PRA, Consumer Duty, SM&CR, FOS/FSCS, contract essentials), systems and controls including sanctions, data protection and AML, and the roles of brokers and underwriters (including lead/follow and the GUA). The exam is a 1-hour, 50-question multiple-choice paper examined on English law and practice unless otherwise stated.

Exam sponsor: Chartered Insurance Institute (CII). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

50 compulsory four-option multiple-choice questions. The official test specification allocates questions across 11 learning outcomes, generally within ±2 of the published counts. There is no negative marking.

Time Limit

1 hour (60 minutes) to complete all 50 questions.

Passing Score

Nominal pass mark of 70% on the 50-question paper (notionally 35 correct). The CII may adjust the actual cut score slightly through standard-setting to keep the standard consistent across sittings.

Exam / Certification Fees

CII offers Enrolment (study text and assessment entry) and Enrolment plus (with revision aids). Its terms require payment in pounds sterling; other-currency quotes are informational. The 2026 list linked by CII Central and South Asia shows member/non-member dollar figures of $294/$379 for digital Enrolment, $303/$403 for Enrolment plus and $182/$217 for resits, plus $33 per printed-material order. Confirm the current GBP checkout total, membership rate, package and delivery charges before purchase.

Exam sponsor website

Frequently Asked Questions

Is the CII LM1 vocabulary game free?

Yes. The game is free to play with no sign-up. Signing in adds AI explanations for any term.

How do the CII LM1 vocabulary games work?

There are 4 games built on 20 CII LM1 terms. In Guess the Term, a clue describes one term and you have six tries to spell it, with green, yellow and gray letters showing how close you are. In Term Match, six terms appear as colored tiles; swap neighbors to line up three or more of the same term, and each match shows what the term means. In Term Pairs, twelve face-down cards hide six pairs of terms; flip two at a time to find each pair, and every pair you find shows what the term means. In Term Search, five terms hide in a grid of letters, reading across, down or diagonally; drag across a term to circle it, and each term you find shows what it means.

Where do the CII LM1 terms come from?

OpenExamPrep researched each term from the Chartered Insurance Institute (CII) content outline and primary sources, listed under Sources on this page. The game is independent study material, not an official exam resource.

How many questions are on the CII LM1 exam and how long is it?

LM1 has 50 multiple-choice questions answered in 1 hour. There is no negative marking.

What is the pass mark for CII LM1?

The standard nominal pass mark is 70% (notionally 35 out of 50). The CII may adjust the cut score slightly through standard-setting.